World first approval for LNG carrier with wind propulsion
World first approval for LNG carrier with wind propulsion. Japan’s Mitsui OSK Lines (MOL) has received approval in principle (AiP) from classification society ClassNK for an LNG carrier featuring two hard sails. The telescoping hard sail Wind Challenger has been developed by MOL in partnership with the University of Tokyo and Oshima Shipbuilding. According to MOL, this is the world’s [...]
11/08/2024
How to manage fuel and freight price risks
How to manage fuel and freight price risks. Gus Majed, the CEO of the Paratus Group, addresses the risk management gap in the global bunker fuel and freight markets. The global bunker fuel market, consuming approximately 3.5m barrels per day, alongside the global freight market, with a staggering 900m dwt in dry and wet tonnage, plays a critical role in [...]
11/08/2024
Pelagic Partners: How to invest in today’s volatile shipping markets
Pelagic Partners: How to invest in today’s volatile shipping markets. Fund managers generally see shipping as a niche market and a small investment opportunity, which for Niels Hartmann, the chief executive officer and board member of the Hartmann Group and founding member of owner and shipping fund manager Pelagic Partners, is a distant and commercially blind position to take. With [...]
11/08/2024
Explainer | Here are China’s 4 commercial jets, from the ARJ21 and C919 to the jumbo C929 and C939
Explainer | Here are China’s 4 commercial jets, from the ARJ21 and C919 to the jumbo C929 and C939. The Commercial Aircraft Corporation of China has put two passenger planes in the air and has lofty ambitions for home-grown production The state-owned Commercial Aircraft Corporation of China (Comac) has put two types of civilian jets in the air and two bigger ones [...]
04/08/2024
How the cloud became a critical to supply chain management
Carla DeSantis, Strategy and Operations Partner at PwC, insists cloud solutions are crucial in ensuring modern-day supply chains remain agile. For tens of thousands of businesses – encompassing all manner of industries – cloud computing has proven utterly transformative over the last decade or so. The supply chain is one of countless areas where companies are reaping the benefits of [...]
04/08/2024
Newbuilding orders at Chinese shipyards up 43% in H1
Newbuilding orders at Chinese shipyards up 43% in H1. Shipbuilding output, new contracts, and orders on hand of China maintained double-digit growth in the first half of this year. Chinese shipbuilding yards received 55.22 million dwt of newbuilding orders in the first half of 2024 up 43.9% year-on-year buoyed by tanker orders, including VLCCs, and resurgence in container ship orders. [...]
04/08/2024
Eight companies, including Petronas, win Bursa Malaysia’s first carbon credit auction from Kuamut project
Eight companies, including Petronas, win Bursa Malaysia’s first carbon credit auction from Kuamut project. National oil and gas company Petroliam Nasional Bhd was among the eight successful bidders for the country’s first nature-based carbon credits auction brought by its subsidiary Bursa Carbon Exchange with carbon credits from the Kuamut Rainforest Conservation project in Sabah. The rest were Malayan Banking Bhd, [...]
28/07/2024
MCMC: Social media, internet messaging services must be licensed
MCMC: Social media, internet messaging services must be licensed. KUALA LUMPUR (July 27): All social media and internet messaging services with at least eight million registered users in Malaysia must apply for a Class License for Application Service Providers, according to the Malaysian Communications and Multimedia Commission (MCMC). This is part of a new regulatory framework for a safer internet [...]
28/07/2024
Govt looking to plug leakage of subsidised diesel, RON95 petrol in Sabah, Sarawak — Armizan
Govt looking to plug leakage of subsidised diesel, RON95 petrol in Sabah, Sarawak — Armizan. KINABATANGAN (July 28): The Ministry of Domestic Trade and Cost of Living (KPDN) is activating a mass movement involving the public to combat the misappropriation of subsidised controlled goods in Sabah and Sarawak, especially diesel and RON95, to ensure that the targeted groups can enjoy [...]
28/07/2024
China and Russia form Arctic express route
China and Russia form Arctic express route. China and Russia have launched the Arctic Express No 1 rail-sea cargo service. NewNew Shipping and Rosatom are running the service which sees cargo moved by rail from Moscow to the Russian port of Arkhangelsk from where it is then shipped across the Arctic and North Pacific oceans to ports in China. The [...]
23/07/2024
